Fermat Capital Management

Fermat Capital Management specializes in alternative investments, primarily Insurance-Linked Securities (ILS). It builds portfolios of catastrophe bonds and similar instruments, delivering uncorrelated, risk-adjusted returns by transferring actuarial risk from insurers to capital markets. The firm employs sophisticated analytics for pricing and managing these assets.

Co-founded in 2001 by John and Nelson Seo, the firm originated from a key market insight. John Seo, a Harvard-trained biophysicist, applied rigorous scientific principles to the nascent ILS market. They identified an opportunity to systematically finance catastrophic insurance risks, developing a data-driven approach for specialized investments.

The firm caters to institutional investors seeking diversification and exposure to the ILS asset class. Fermat Capital Management’s vision is sustained leadership in this niche, providing consistent alternative returns through deep expertise and proprietary models. It aims to expertly manage global insurance risk transfer for clients.